USD 10.7 B
GTECH announces reduction of loan credit for IGT acquisition
(Italy/ US).- GTECH announced that its 364-day senior-bridge term loan credit facility commitment for the acquisition financing of IGT has been reduced from approximately USD 10.7 B to approximately USD 10.2 B.
2014-10-31
Reading time 21 seg
(Italy/ US).- GTECH announced that its 364-day senior-bridge term loan credit facility commitment for the acquisition financing of IGT has been reduced from approximately USD 10.7 B to approximately USD 10.2 B.
The announcement follows the solicitation of consent by International Game Technology (IGT) to amend the IGT indentures pursuant to which IGT’s 7.50% Notes due 2019 were issued, which concluded on October 20, 2014.
This is due to that fact that backstop-financing for the 2019 Notes is no longer required. The allocation to each bank has been reduced pro-rata.
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